DST Investor Buys Idaho MC Community
A leading DST investor recently acquired a memory care community in northern Idaho. Set in the town of Rathdrum, about 25 miles northeast of Spokane, Washington, Generations Memory Care features 48 private units and is managed by Senior Services of America, an experienced regional operator with 15 properties in Washington, Oregon and Idaho. It was built in 2005 with expansions in 2007 and 2013. It had previously sold in 2017 for $8 million, or $166,700 per unit, to an investment group based in northern California. 1031 CF Properties acquired the community for an undisclosed amount and plans to invest in operational enhancements and capital improvements intended to optimize occupancy,... Read More »
Thrive Adds Three Assets in Georgia
Thrive Senior Living grew its presence in its home state of Georgia, with the addition of three seniors housing communities. Developed by the Sawyer family between 2019 and 2022, the communities operated under the At Home Senior Living brand and are located in Cochran, Thomson and Jesup. Beginning in 2024, Thrive partnered with the Sawyer family to operate the communities, with the idea of eventually bringing the communities into the Thrive portfolio. All three communities were strong performers, with occupancy around 94%. Prior to Thrive’s operational partnership, Shanna Dupree led operations for At Home Senior Living, and was a principal and owner in the communities. Dupree has now... Read More »
West Coast and Northeast Skilled Nursing Facilities Sell
Walker & Dunlop’s Gideon Orion has announced several recent skilled nursing sales on the West Coast and the Northeast. First, he teamed up with Tony Cassie to sell a 69-bed skilled nursing facility in Bellevue, Washington, on behalf of a family office seller. The facility could use some operational improvements. An undisclosed buyer paid $12.5 million, or $181,200 per bed. Next, Orion sold a 99-bed skilled nursing facility in Northern California, in another value-add transaction. He represented an owner/operator, which sold the facility for $11.4 million, or $115,200 per bed. Also, in California, Orion arranged a land sale featuring 2.2 acres in Reseda to Meta Housing for $9.35... Read More »
Investor Acquires Community Out of Receivership
Fortress Investment Group acquired an assisted living/memory care community in Palm Coast, Florida, in a court-approved sale process. Built in 2018 just a mile from the Atlantic Ocean, the community features 130 units on an 11.4-acre site. There are 86 assisted living units and 22 memory care units, along with 22 “enhanced” assisted living units. Tuscan Gardens of Palm Coast, LLC was placed in receivership as of June 2023 after its owner, Tuscan Gardens Senior Living Communities, Inc. (run by CEO Larry Pino, Esq.), failed to establish an approximately $1.55 million reserve fund, as formally requested by the master trustee (U.S. Bank Trust Company, National Association) in February... Read More »
Seniors Housing Deals Close Across Several Markets
Coming off of a successful 2025 with 32 separate transaction closings totaling more than $900 million in volume, the Walker & Dunlop investment sales team is off to a strong start in 2026 with a number of seniors housing and healthcare real estate transactions closed in the first quarter, so far. The deals spanned several markets, and the entire seniors housing spectrum, and include transactions in Michigan, Massachusetts, Louisiana and Wisconsin, as well as a two-property transaction in Ohio. Plus, the team provided advisory services on a skilled nursing transaction in the St. Louis MSA. The deals all included value-add, private client-owned communities. The buyers were also primarily... Read More »Schedule a demo
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